Class B-3I Interest Rate definition

Class B-3I Interest Rate means the excess of (i) the Adjusted Net WAC Cap Rate over (ii) the product of (A) two and (B) the weighted average Pass-Through Rate of the Class I-Accrual Interest and the Intermediate REMIC Accretion Directed Interests, provided that for this purpose the Pass-Through Rate for the Class I-Accrual Interest shall be subject to a cap of zero and the Pass-Through Rate for each Intermediate REMIC Accretion Directed Interest shall not exceed the Interest Rate on its Corresponding Certificate Class.
Sample 1Sample 2
Class B-3I Interest Rate means the excess of (i) the Adjusted Net WAC Cap Rate over (ii) the product of (A) two and (B) the weighted average Interest Rate of the Class I-Accrual Interest and the Intermediate REMIC Accretion Directed Interests, provided that for this purpose the Interest Rate for the Class I-Accrual Interest shall be subject to a cap of zero and the Interest Rate for each Intermediate REMIC Accretion Directed Interest shall not exceed the Interest Rate on its Corresponding Certificate Class.
Sample 1
Class B-3I Interest Rate means the Adjusted Net WAC Cap Rate over the product of (A) two and (B) the weighted average Pass-Through Rate of the Class I-F Accrual Interest, the Class I-V Accrual Interest and the Intermediate REMIC Accretion Directed Interests, provided that, for this purpose the Pass-Through Rate for the Class I-F Accrual Interest and the Class I-V Accrual Interest shall be subject to a cap of zero and the Pass-Through Rate for each Intermediate REMIC Accretion Directed Interest shall not exceed the Interest Rate on its Corresponding Certificate Class.
Sample 1

Related to Class B-3I Interest Rate

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class D Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Component Interest Rate Not applicable.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.